YouTube lets you earn money through commercials, goods sales, and fan memberships. This is how you can earn money while using the platform.
YouTube is a popular place to watch videos online, and content creators can make enough money there to live on their own. There are no limits to what content creators can do to make money from their ideas.
If you think there’s only one way to make money on YouTube, you’re dead wrong. YouTube gives you a lot of ways to make money, like traditional ads, selling stuff, and fan memberships. Below, we talk in detail about 7 ways to make money.
For the YPP, you need to be in good standing with YouTube, have at least 1,000 subscribers, and have had at least 4,000 valid public watch hours in the past 12 months. You must also follow YouTube’s rules for making money, live in a country or region where the YouTube Partner Program is available, and have an AdSense account that is linked to your YouTube account.
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Let’s go over these seven methods of making money in greater detail:
- The money from advertisements and YouTube Premium: You can generate income from your channel by allowing display, overlay, and video advertising to run on it. If a user subscribes to YouTube Premium and watches one of your videos, you will receive a percentage of their monthly subscription charge.
- Super Chat and Stickers of the Same Name: Offer your followers an additional channel via which they can communicate with you during live streams and premieres. Fans may show their support for their favourite team and stand out from the crowd by purchasing Super Chat and Super Stickers, which are humorous and colourful text messages and stickers.
- Google Shopping on YouTube: Direct sales to your audience members of things such as merchandise are encouraged. Simply by connecting your shop, you will have the ability to display your products on a shelf directly below your videos and live streams. In addition to this, the “Shop” feature, which is essentially your own storefront on YouTube, will be unlocked on your channel.
- Memberships in various channels: When someone becomes a paid member of your channel on a recurring basis, you have the opportunity to provide them with special perks like as individualised loyalty badges, emoji, and access to content that is reserved only for subscribers. The most exciting part? You are the one who decides what perks to provide and how much money to charge for each membership tier.
- BrandConnect on YouTube: Establish relationships with companies who provide branded content and are interested in collaborating on marketing efforts. BrandConnect makes use of Google technologies in order to understand your audience, find you fantastic brands to partner with, and assist you in driving outcomes with full-service campaign management. We present you with the available possibilities, and it is up to you to choose which businesses to collaborate with.
- YouTube’s funding for short videos: A new programme called the YouTube Shorts Fund will provide producers with access to a total of $100 million in funding over the course of 2021 and 2022. You are qualified to participate and get money off of your videos if you are a creator who is shooting and sharing Shorts.
- Super Thanks: Super Thanks is a fun method for fans to show their appreciation for the material you provide while also providing an additional cash stream for the creator. With Super Thanks, viewers have the option to purchase a humorous clapping animation that will appear on top of the video being streamed on your channel. Customers who make a purchase will also be able to leave a distinct and colourful comment in the part below the video, allowing you to instantly communicate with those who are your most ardent fans.
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